Inv Glbl RealEst Ltd IGRE Interim Management Statement

  Inv Glbl RealEst Ltd (IGRE) - Interim Management Statement

RNS Number : 6426Q
Investors in Global Real Estate Ltd
08 November 2012




           Investors in Global Real Estate Limited (the "Company")

 (a closed-ended investment company incorporated with limited liability under
              the laws of Guernsey with registered number 44714)

                                      

                               8 November 2012

                                      

                   Interim Management Statement (unaudited)

                     For the period to 30 September 2012



Investors in Global Real Estate Limited

Bloomberg Ticker: IGRE LN



Investment Objective:

The Company's investment objective is to provide investors with an  attractive 
total return,  through investing  in listed  and unlisted  global real  estate 
securities, which will be  selected primarily for  their potential to  provide 
high and rising dividend income leading to long term capital appreciation.



Key Portfolio Statistics as of 30 September 2012

Share price  99.50p

NAV 108.85p

Discount  -8.6%

Total Net Assets £93.3M

Gearing  1.6%

Issue price 100p

NAV at launch  97.50p

Company year end 31 December

Company half year end  30 June

Investment Manager CBRE Clarion Securities LLC

Investment Advisor Townsend Group Europe Limited

Administrator  Northern  Trust  International  Fund 
Administration Services

 (Guernsey) Limited



Allocation of Portfolio as of 30 September 2012

Listed  90.5%

Unlisted 9.5%



Total 100.0%

Please note weights exclude cash.

                                      

Fund Performance as of 30 September 2012


Month-toYear-to Trailing Since

date date 3 Years Incept

NAV       performance        -0.66% 
9.96% 11.89% 5.33%

Market      Price      performance      -2.33% 
26.30% 19.22% 4.88%



S&P Developed  Property  Index (GBP)  0.12%  17.06% 
12.85% 5.43%



The reported year  end NAV  for 31/12/2011 to  the London  Stock Exchange  was 
101.91 and the performance  above has been calculated  using this number.  The 
adjusted NAV posted in the  accounts was 101.92 and  the difference is due  to 
year end adjustments. NAV performance is calculated inclusive of reinvestment
of dividends and net of fees. The Company inception was on 31 May 2006.











Dividend Payments

The Company has announced it is targeting a dividend distribution of 4.2 pence
per share on an annual basis. In deciding the dividend rate the Board  focuses 
on the need to ensure  a sustainable and covered  dividend and has decided  to 
increase the dividend payment  due to the solid  performance of the  Company's 
underlying assets and its confidence in the future.



Q3 2012 Distribution Details

 Ex Date 8 August 2012

 Record Date10 August 2012

 Pay Date 24 August 2012

 Dividend per Share  1.05 pence (Sterling)



Country Allocation as of 30 September 2012

Australia 11.6%

Canada 13.6%

Continental Europe 10.1%

Hong Kong 3.8%

Japan 5.0%

New Zealand 1.5%

Singapore 4.3%

United Kingdom 8.9%

United States 41.2%

Total  100.0%



Sector Allocation as of 30 September 2012

Office 13.8%

Retail 31.0%

Residential 15.1%

Diversified 20.9%

Other 1.5%

Industrial 11.3%

Healthcare 4.9 %

Net Leased 1.5%

Total   100.0%



Holdings as of 30 September 2012



Unlisted Holdings

Security       Country 
SectorWeight

Sveafastigehter         Fund          II         Capital           
SwedenDiversified 3.6%

Fir   Tree    Special    Opportunities   Fund    II    United    States 
Industrial 2.4 %

Quercus     Healthcare      UK 
Healthcare 1.9%

Mid   South    Industrial,   LP    United    States 
Industrial 1.6%



Total
9.5%







Top 5 Listed

Security                       Country       Sector                     Weight
CBL and Associates  Properties 
Inc.                           United States Retail: Enclosed Malls     5.3%
Primaris Retail Real Estate    Canada        Retail: Enclosed Malls     5.0%
Crombie Real Estate Investment               Retail: Community Shopping
Trust                          Canada        Centers                    3.8%
                                             Retail: Community Shopping
Link Reit                      Hong Kong     Centers                    3.8%
                                             Diversified       Property 
GPT Group                      Australia     Holdings                   3.6%



Total   21.5%



Please note weights exclude cash.

 



Enquiries:

Company website: www.igre.co.uk

Andrew Maiden

Northern Trust International Fund Administration Services (Guernsey) Limited

Tel: +44 (0) 1481 745368















                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


IMSUGGWWGUPPUBR -0- Nov/08/2012 09:37 GMT
 
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